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PECB ISO-21502-Lead-Project-Manager Exam Syllabus Topics:

SectionWeightObjectives
Individual Management Practices for a Project36.25%- Initiating and Starting a Project
- Directing and Executing Work
- Closing and Evaluating the Project
- Monitoring and Controlling Performance
- Planning and Estimating Activities
Fundamental Principles and Concepts of Project Management28.75%- Project Management Principles
- Project Life Cycle and Phases
- Overview of ISO 21502 Standard
- Project, Program and Portfolio Distinctions
- Project Governance and Stakeholders
Integrated Project Management Practices35%- Project Communication and Reporting
- Project Risk and Opportunity Management
- Project Organization and Roles
- Project Integration Management
- Project Scope and Planning

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PECB ISO 21502 Lead Project Manager Exam Sample Questions (Q72-Q77):

NEW QUESTION # 72
Which of the following statements describes a project termination by extinction?

Answer: B

Explanation:
The correct answer is A . Project termination by extinction occurs when a project is brought to an end because it has either successfully achieved its objectives or has failed and is no longer justified. In both cases, the project ceases to exist as an active project. If successful, extinction means the project has completed its intended work, deliverables have been accepted or transferred, and closure activities can proceed. If unsuccessful, extinction means the project is stopped because its continuation is no longer viable, valuable, or possible. Option B describes suspension or temporary termination, where the project is closed or paused with the intention of resuming later. Option C describes termination by integration, where project outputs are absorbed into the operations of the parent organization and the project team or structures may be integrated into ongoing operations. Extinction is therefore the clearest form of final termination: the project ends because completion or failure removes the basis for continuing project work. The source question set identifies closure due to failure or successful completion as the definition of termination by extinction.
Reference topics: project termination, termination by extinction, project closure, successful completion, project failure, closure decision.


NEW QUESTION # 73
According to ISO 21502, what should the process of controlling risks involve?

Answer: C

Explanation:
The correct answer is C . Controlling risks involves ensuring that responses to negative risks minimize disruption to the project while responses to positive risks maximize beneficial impact. Risk control is not merely the identification or planning of risks; it is the ongoing activity of tracking risk exposure, monitoring risk response effectiveness, identifying new risks, reassessing existing risks, and ensuring that treatment actions remain suitable. Negative risks, or threats, should be managed so that their probability or impact is reduced, transferred, avoided, or otherwise controlled. Positive risks, or opportunities, should be managed so that their probability or beneficial impact is enhanced, exploited, shared, or accepted where appropriate.
Option A refers more to risk categorization or analysis, where common causes can help prioritize treatment.
Option B describes risk response planning, where options and actions are developed before implementation.
Control focuses on whether those responses are working and whether the project remains within acceptable risk exposure. PMBOK similarly describes risk monitoring as tracking identified risks, identifying and analyzing new risks, and evaluating risk process effectiveness. The uploaded question set records this ISO
21502 risk-control item.
Reference topics: risk control, risk responses, threats, opportunities, disruption minimization, beneficial impact maximization.


NEW QUESTION # 74
What is one of the differences between quality assurance and project assurance?

Answer: B

Explanation:
The correct answer is C . Quality assurance and project assurance differ in focus and accountability. Quality assurance is normally associated with ensuring that quality processes, standards, procedures, and requirements are properly applied. In many organizations, this responsibility is assigned to a quality manager, quality function, or quality management role. Project assurance, by contrast, provides confidence to the sponsoring organization and project sponsor that the project is likely to achieve its objectives. It is broader than product quality and may cover governance, business justification, risk, controls, stakeholder alignment, delivery confidence, and compliance with the project management approach. Because project assurance supports the sponsor's need for confidence, it is associated with sponsor or governance-level accountability. Option A is incorrect because project assurance is not merely product-based; it is broader and governance-oriented.
Option B is incorrect because project assurance should not be dependent on the project manager. Effective assurance requires a degree of independence from day-to-day project management so that findings remain objective and credible.
Reference topics: quality assurance, project assurance, quality manager, project sponsor, assurance accountability, governance confidence.


NEW QUESTION # 75
Which of the following statements regarding the difference between traditional and agile methodologies is correct?

Answer: A

Explanation:
The correct answer is C because stakeholder involvement is generally more intensive and continuous in agile approaches than in traditional predictive approaches. In traditional project management, the project structure, scope baseline, schedule, cost baseline, and delivery path are often defined more firmly at earlier stages.
Stakeholder input is important, but it is commonly concentrated during initiation, requirements gathering, approvals, stage gates, and formal change control. Agile approaches, by contrast, rely on iterative development, frequent feedback, progressive refinement, and continuous stakeholder collaboration.
Stakeholders, users, product owners, customers, or customer representatives can significantly influence priorities, acceptance, backlog refinement, and the evolving shape of the solution. Option A is incorrect because agile approaches are generally more capable of changing direction based on feedback, while traditional approaches are usually less flexible once baselines are established. Option B is also reversed:
traditional approaches usually have a more firmly defined project structure, whereas agile approaches allow more adaptation. The source question set identifies this item as a comparison between traditional and agile methodologies.
Reference topics: traditional methodology, agile methodology, stakeholder engagement, iterative delivery, adaptive project management.


NEW QUESTION # 76
To whom does the project manager report?

Answer: A

Explanation:
The correct answer is C. Project sponsor and project board . The project manager normally reports to the project sponsor and, where established, the project board. These governance roles provide direction, oversight, authorization, and decision-making authority for the project. The sponsor maintains the business link between the project and the sponsoring organization, while the project board may represent broader governance interests, including business, user, supplier, technical, or organizational perspectives. Reporting to these roles enables performance review, escalation, approval of significant changes, risk-based decisions, and continued justification. Option A is too narrow and too rigid because the project manager does not report only to top management in every project. Reporting arrangements depend on the project governance structure.
Option B is also too broad because key stakeholders may receive information, but they are not necessarily the formal reporting authority. Stakeholder communications and governance reporting are related but not identical. A project manager may communicate with many stakeholders, but formal accountability reporting is directed to the sponsor and project board. The uploaded source question identifies sponsor and project board as the correct reporting destination.
Reference topics: project manager reporting, project sponsor, project board, governance reporting, accountability, project oversight.


NEW QUESTION # 77
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